Are tenants in Colonies Of Madrillon required to pay for renter's insurance?

The Commonwealth of Virginia does not require that renters in Colonies Of Madrillon to obtain a renter's insurance policy. However, our leases require that tenants buy renter’s insurance which pays for losses of the tenant's personal property due to theft, fire, tenant negligence, or if someone is injured at the rental property. A’s insurance policy protects the rental property from loss, but not the renter’s personal property if it is damaged, destroyed or stolen. Please contact your insurance agent to let them know that you are putting your property into service.

Do you need advice about rental property management?

Talk to one of our experts about rental property in Virginia.